Tiffin Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Tiffin averaged
7.06%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.79% and
one month ago for the week of 2023-02-09, the
average rate was 6.18%.
Tiffin's average rate one year ago was 3.82%.
For refis of the same type during the week of 2023-03-16, the average rate
was 7.13%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Tiffin 30 Year Fixed Rate | 2023-03-16 | 7.06% |
Tiffin 30 Year Fixed Rate Refi | 2023-03-16 | 7.13% |
Tiffin 15 Year Fixed Rate | 2023-03-16 | 6.31% |
Tiffin 15 Year Fixed Rate Refi | 2023-03-16 | 6.59% |
Tiffin 30 Year FHA | 2023-03-16 | 6.81% |
Tiffin 30 Year FHA Refi | 2023-03-16 | 6.12% |
Tiffin 30 Year USDA | 2023-03-16 | 6.34% |
Tiffin 30 Year USDA Refi | 2023-03-16 | 6.51% |
Tiffin 30 Year VA | 2023-03-16 | 6.4% |
Tiffin 30 Year VA Refi | 2023-03-16 | 5.87% |
Tiffin Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Tiffin, OH market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Tiffin Average Closing Costs & Other Stats
Tiffin, OH's 55 lenders originated 1,038
loans during 2022. The total origination value was $138,110,000, with an average loan value of
$133,054.
Tiffin's average closing costs are $4,118.
The top Tiffin lender as defined by loan originations is LOANDEPOT.COM, LLC, with
109 loans originated. Their average total fees are
$3,847, which is $1,316
higher than the next largest lender,
The Old Fort Banking Company.
The lowest fee Tiffin lenders (with over 10 loans originated) are
The Old Fort Banking Company ($2,531), U.S. Bank ($3,160), The Croghan Colonial Bank ($3,185), First Federal Bank of the Midwest ($3,272) and Fifth Third Bank ($3,523).
The lowest rate Tiffin lenders (with over 10 loans originated) are
First Federal Bank of the Midwest (4.45%), The Croghan Colonial Bank (4.84%), The Huntington National Bank (5.14%), U.S. Bank (5.23%) and UNION HOME MORTGAGE CORP. (5.25%).
Tiffin, OH Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
LOANDEPOT.COM, LLC | $36,310,000 | $28,435,000 | -21.7% | 20.6% |
The Old Fort Banking Company | $13,830,000 | $12,070,000 | -12.7% | 8.7% |
QUICKEN LOANS, LLC | $12,765,000 | $8,215,000 | -35.6% | 5.9% |
Fifth Third Bank | $10,725,000 | $7,440,000 | -30.6% | 5.4% |
First Federal Bank of the Midwest | $10,810,000 | $6,545,000 | -39.5% | 4.7% |
The Huntington National Bank | $6,775,000 | $5,880,000 | -13.2% | 4.3% |
U.S. Bank | $10,490,000 | $5,420,000 | -48.3% | 3.9% |
AG Credit, Agricultural Credit Association | $7,140,000 | $4,675,000 | -34.5% | 3.4% |
GREYSTONE FUNDING COMPANY LLC | $4,235,000 | n/a | 3.1% | |
Heartland Bank | $3,155,000 | n/a | 2.3% | |
Mortgage Research Center, LLC | $1,895,000 | $2,960,000 | 56.2% | 2.1% |
UNION HOME MORTGAGE CORP. | $6,180,000 | $2,915,000 | -52.8% | 2.1% |
PNC Bank | $3,225,000 | $2,850,000 | -11.6% | 2.1% |
The Croghan Colonial Bank | $4,730,000 | $2,725,000 | -42.4% | 2.0% |
Superior Credit Union, Inc. | $5,280,000 | $2,480,000 | -53.0% | 1.8% |
POLARIS HOME FUNDING CORP. | $3,250,000 | $1,925,000 | -40.8% | 1.4% |
CROSSCOUNTRY MORTGAGE, LLC | $1,270,000 | $1,855,000 | 46.1% | 1.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,045,000 | $1,790,000 | 71.3% | 1.3% |
KeyBank | $1,765,000 | $1,790,000 | 1.4% | 1.3% |
The State Bank and Trust Company | $2,715,000 | $1,700,000 | -37.4% | 1.2% |
First Federal Bank of Ohio | $3,430,000 | $1,680,000 | -51.0% | 1.2% |
UNITED WHOLESALE MORTGAGE, LLC | $1,690,000 | $1,395,000 | -17.5% | 1.0% |
Old National Bank | $1,285,000 | n/a | 0.9% | |
MID AMERICA MORTGAGE, INC. | $335,000 | $1,070,000 | 219.4% | 0.8% |
First Federal Savings and Loan Association of Lakewood | $1,780,000 | $990,000 | -44.4% | 0.7% |
The Genoa Banking Company | $390,000 | $965,000 | 147.4% | 0.7% |
JPMorgan Chase Bank | $2,225,000 | $705,000 | -68.3% | 0.5% |
First National Bank of Bellevue | $2,170,000 | $695,000 | -68.0% | 0.5% |
EQUITY RESOURCES, INC. | $285,000 | $675,000 | 136.8% | 0.5% |
Fremont Federal Credit Union | $2,275,000 | $650,000 | -71.4% | 0.5% |
FREEDOM MORTGAGE CORPORATION | $1,385,000 | $645,000 | -53.4% | 0.5% |
HOMESIDE FINANCIAL, LLC | $650,000 | $640,000 | -1.5% | 0.5% |
Sutton Bank | $2,560,000 | $640,000 | -75.0% | 0.5% |
MUTUAL OF OMAHA MORTGAGE, INC. | $125,000 | $635,000 | 408.0% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $1,275,000 | $625,000 | -51.0% | 0.5% |
CALIBER HOME LOANS, INC. | $880,000 | $515,000 | -41.5% | 0.4% |
Bank of America | $180,000 | $505,000 | 180.6% | 0.4% |
The Union Bank Company | $490,000 | n/a | 0.4% | |
YOUR HOME FINANCIAL LLC | $95,000 | $475,000 | 400.0% | 0.3% |
Citizens Bank | $375,000 | $410,000 | 9.3% | 0.3% |
PENTAGON FEDERAL CREDIT UNION | $410,000 | n/a | 0.3% | |
NEWREZ LLC | $1,180,000 | $400,000 | -66.1% | 0.3% |
Third Federal Savings and Loan Association of Cleveland | $385,000 | n/a | 0.3% | |
Charles Schwab Bank, SSB | $365,000 | n/a | 0.3% | |
Wells Fargo Bank | $580,000 | $355,000 | -38.8% | 0.3% |
USAA Federal Savings Bank | $250,000 | $350,000 | 40.0% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $135,000 | $340,000 | 151.9% | 0.2% |
NEW DAY FINANCIAL, LLC | $85,000 | $335,000 | 294.1% | 0.2% |
Bank of England | $570,000 | $330,000 | -42.1% | 0.2% |
Flagstar Bank, FSB | $355,000 | $330,000 | -7.0% | 0.2% |
HOME POINT FINANCIAL CORPORATION | $155,000 | $325,000 | 109.7% | 0.2% |
Ally Bank | $310,000 | n/a | 0.2% | |
City National Bank | $305,000 | n/a | 0.2% | |
Figure Lending LLC | $25,000 | $305,000 | 1,120.0% | 0.2% |
First Federal Community Bank of Bucyrus | $45,000 | $285,000 | 533.3% | 0.2% |
AMERICAN FINANCING CORPORATION | $65,000 | $280,000 | 330.8% | 0.2% |
PENNYMAC LOAN SERVICES, LLC | $1,970,000 | $270,000 | -86.3% | 0.2% |
RUOFF MORTGAGE COMPANY, INC. | $115,000 | $260,000 | 126.1% | 0.2% |
MORTGAGE ACCESS CORP. | $255,000 | n/a | 0.2% | |
Carrington Mortgage Services, LLC | $950,000 | $220,000 | -76.8% | 0.2% |
NATIONWIDE MORTGAGE BANKERS, INC. | $215,000 | n/a | 0.2% | |
Servion, Inc. | $210,000 | n/a | 0.2% | |
The First National Bank of Pandora | $745,000 | $205,000 | -72.5% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $200,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $155,000 | $195,000 | 25.8% | 0.1% |
STOCKTON MORTGAGE CORPORATION | $195,000 | n/a | 0.1% | |
GVC MORTGAGE, INC. | $190,000 | n/a | 0.1% | |
MORIA DEVELOPMENT, INC. | $185,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $455,000 | $180,000 | -60.4% | 0.1% |
BROKER SOLUTIONS, INC. | $440,000 | $175,000 | -60.2% | 0.1% |
DRAPER AND KRAMER MORTGAGE CORP. | $175,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $525,000 | $170,000 | -67.6% | 0.1% |
The Park National Bank | $655,000 | $170,000 | -74.0% | 0.1% |
FIRST OHIO HOME FINANCE, INC. | $190,000 | $165,000 | -13.2% | 0.1% |
Amerifirst Financial, Inc. | $155,000 | n/a | 0.1% | |
Civista Bank | $115,000 | $155,000 | 34.8% | 0.1% |
NAVY FEDERAL CREDIT UNION | $615,000 | $155,000 | -74.8% | 0.1% |
North American Savings Bank, F.S.B. | $155,000 | n/a | 0.1% | |
Union Savings Bank | $245,000 | $155,000 | -36.7% | 0.1% |
Goldwater Bank, N.A. | $145,000 | n/a | 0.1% | |
SUN Federal Credit Union | $15,000 | $140,000 | 833.3% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $135,000 | n/a | 0.1% | |
LIBERTY HOME MORTGAGE CORPORATION | $135,000 | n/a | 0.1% | |
County National Bank | $125,000 | n/a | 0.1% | |
The Farmers & Merchants State Bank | $125,000 | n/a | 0.1% | |
TOWNE MORTGAGE COMPANY | $280,000 | $115,000 | -58.9% | 0.1% |
ZILLOW HOME LOANS, LLC | $115,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $155,000 | $105,000 | -32.3% | 0.1% |
TOP FLITE FINANCIAL, INC. | $225,000 | $105,000 | -53.3% | 0.1% |
CHERRY CREEK MORTGAGE, LLC | $95,000 | n/a | 0.1% | |
First Federal Savings and Loan Association of Lorain | $95,000 | n/a | 0.1% | |
First Financial Bank | $350,000 | $95,000 | -72.9% | 0.1% |
GSF Mortgage Corporation | $95,000 | n/a | 0.1% | |
Nations Lending Corporation | $420,000 | $95,000 | -77.4% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $545,000 | $95,000 | -82.6% | 0.1% |
SPRING EQ, LLC | $85,000 | n/a | 0.1% | |
Blue Ridge Bank | $135,000 | $75,000 | -44.4% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $65,000 | n/a | 0.0% | |
NTFN, INC. | $65,000 | n/a | 0.0% | |
Truist | $65,000 | n/a | 0.0% | |
AMERIFIRST FINANCIAL CORPORATION | $405,000 | $55,000 | -86.4% | 0.0% |
Directions Credit Union, Inc. | $55,000 | n/a | 0.0% | |
MICHIGAN MUTUAL, INC. | $55,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $55,000 | n/a | 0.0% | |
First National Bank of America | $45,000 | n/a | 0.0% | |
The Citizens National Bank of Bluffton | $45,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $140,000 | $35,000 | -75.0% | 0.0% |
THRIVENT Federal Credit Union | $35,000 | n/a | 0.0% |
Tiffin's top lender by overall market share is LOANDEPOT.COM, LLC, with 20.6% market share. In second place, with 8.7%, is The Old Fort Banking Company, having originated $12,070,000 in loans. In third place, with 5.9%, is QUICKEN LOANS, LLC, having originated $8,215,000 in loans. In fourth place, with 5.4%, is Fifth Third Bank, having originated $7,440,000 in loans. In fifth place, with 4.7%, is First Federal Bank of the Midwest, having originated $6,545,000 in loans.
Tiffin Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Tiffin (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $79,900 (0.0%) | $111,969 (20.4%) | 0.00 | 110 |
2018-02-01 | $79,675 (6.3%) | $110,712 (21.0%) | 0.00 | 104 |
2018-03-01 | $80,250 (1.1%) | $116,981 (18.8%) | 0.00 | 87 |
2018-04-01 | $84,225 (2.7%) | $121,346 (16.1%) | 0.00 | 80 |
2018-05-01 | $84,900 (6.3%) | $109,900 (5.3%) | 0.00 | 75 |
2018-06-01 | $83,500 (-7.1%) | $168,305 (52.3%) | 0.00 | 82 |
2018-07-01 | $98,800 (6.7%) | $182,220 (52.5%) | 0.00 | 87 |
2018-08-01 | $104,900 (9.9%) | $178,024 (48.8%) | 0.00 | 105 |
2018-09-01 | $95,000 (6.2%) | $173,603 (52.3%) | 0.00 | 106 |
2018-10-01 | $82,400 (3.1%) | $180,497 (59.3%) | 0.00 | 107 |
2018-11-01 | $91,375 (13.6%) | $197,881 (72.8%) | 0.00 | 97 |
2018-12-01 | $95,000 (10.5%) | $192,077 (67.1%) | 0.00 | 96 |
2019-01-01 | $95,900 (20.0%) | $208,468 (86.2%) | 0.00 | 88 |
2019-02-01 | $109,475 (37.4%) | $215,152 (94.3%) | 0.00 | 75 |
2019-03-01 | $103,671 (29.2%) | $212,695 (81.8%) | 0.00 | 68 |
2019-04-01 | $89,900 (6.7%) | $203,731 (67.9%) | 0.00 | 64 |
2019-05-01 | $89,900 (5.9%) | $196,913 (79.2%) | 0.00 | 70 |
2019-06-01 | $94,500 (13.2%) | $197,201 (17.2%) | 0.00 | 77 |
2019-07-01 | $87,450 (-11.5%) | $134,233 (-26.3%) | 0.00 | 82 |
2019-08-01 | $89,900 (-14.3%) | $135,939 (-23.6%) | 0.00 | 87 |
2019-09-01 | $89,900 (-5.4%) | $132,405 (-23.7%) | 0.00 | 87 |
2019-10-01 | $96,450 (17.1%) | $132,594 (-26.5%) | 0.00 | 91 |
2019-11-01 | $108,000 (18.2%) | $136,151 (-31.2%) | 0.00 | 102 |
2019-12-01 | $98,950 (4.2%) | $134,447 (-30.0%) | 0.00 | 92 |
2020-01-01 | $94,900 (-1.0%) | $138,966 (-33.3%) | 0.00 | 91 |
2020-02-01 | $99,550 (-9.1%) | $136,380 (-36.6%) | 0.00 | 78 |
2020-03-01 | $84,750 (-18.3%) | $128,582 (-39.6%) | 0.00 | 73 |
2020-04-01 | $86,675 (-3.6%) | $126,734 (-37.8%) | 0.00 | 68 |
2020-05-01 | $75,950 (-15.5%) | $118,917 (-39.6%) | 0.00 | 55 |
2020-06-01 | $82,200 (-13.0%) | $159,491 (-19.1%) | 0.00 | 44 |
2020-07-01 | $81,825 (-6.4%) | $157,435 (17.3%) | 0.00 | 48 |
2020-08-01 | $98,700 (9.8%) | $173,321 (27.5%) | 0.00 | 47 |
2020-09-01 | $97,975 (9.0%) | $162,677 (22.9%) | 0.00 | 51 |
2020-10-01 | $117,850 (22.2%) | $182,011 (37.3%) | 0.00 | 51 |
2020-11-01 | $128,700 (19.2%) | $202,731 (48.9%) | 0.00 | 52 |
2020-12-01 | $121,925 (23.2%) | $194,051 (44.3%) | 0.00 | 50 |
2021-01-01 | $119,900 (26.3%) | $182,408 (31.3%) | 0.00 | 45 |
2021-02-01 | $111,225 (11.7%) | $189,688 (39.1%) | 0.00 | 28 |
2021-03-01 | $112,063 (32.2%) | $223,993 (74.2%) | 0.00 | 18 |
2021-04-01 | $126,988 (46.5%) | $219,252 (73.0%) | 0.00 | 21 |
2021-05-01 | $129,950 (71.1%) | $231,303 (94.5%) | 0.00 | 21 |
2021-06-01 | $132,763 (61.5%) | $214,502 (34.5%) | 0.00 | 31 |
2021-07-01 | $130,000 (58.9%) | $173,346 (10.1%) | 0.00 | 42 |
2021-08-01 | $125,925 (27.6%) | $164,084 (-5.3%) | 0.00 | 52 |
2021-09-01 | $134,975 (37.8%) | $174,673 (7.4%) | 0.00 | 58 |
2021-10-01 | $134,900 (14.5%) | $162,865 (-10.5%) | 0.00 | 54 |
2021-11-01 | $129,900 (0.9%) | $155,908 (-23.1%) | 0.00 | 52 |
2021-12-01 | $127,900 (4.9%) | $159,381 (-17.9%) | 0.00 | 48 |
2022-01-01 | $124,977 (4.2%) | $152,797 (-16.2%) | 0.00 | 32 |
2022-02-01 | $122,164 (9.8%) | $161,416 (-14.9%) | 0.00 | 34 |
2022-03-01 | $133,675 (19.3%) | $166,557 (-25.6%) | 0.00 | 37 |
2022-04-01 | $134,900 (6.2%) | $174,319 (-20.5%) | 0.00 | 42 |
2022-05-01 | $143,725 (10.6%) | $152,296 (-34.2%) | 0.00 | 45 |
2022-06-01 | $153,150 (15.4%) | $163,176 (-23.9%) | 0.00 | 63 |
2022-07-01 | $149,900 (15.3%) | $176,141 (1.6%) | 0.00 | 63 |
2022-08-01 | $144,975 (15.1%) | $174,657 (6.4%) | 0.00 | 72 |
2022-09-01 | $141,150 (4.6%) | $157,978 (-9.6%) | 0.00 | 62 |
2022-10-01 | $149,900 (11.1%) | $156,326 (-4.0%) | 0.00 | 62 |
2022-11-01 | $158,375 (21.9%) | $159,399 (2.2%) | 0.00 | 55 |
2022-12-01 | $147,000 (14.9%) | $147,345 (-7.6%) | 0.00 | 53 |
2023-01-01 | $133,325 (6.7%) | $137,341 (-10.1%) | 0.00 | 41 |
2023-02-01 | $143,500 (17.5%) | $143,630 (-11.0%) | 0.00 | 28 |
Tiffin's median listing price comes in at 0% of the national average.
Tiffin's average listing price for 2023-02-01 was $143,630, a difference of $-17,786 (-11.0%) versus the prior year and $6,289 versus the prior month.
For the 2023-02-01 period, Tiffin had 28 MLS listings, a difference of -13 listings (-32%) versus the prior month and -6 listings (-18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Tiffin (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,487 sqft |
2018-02-01 | 0 days | 1,479 sqft |
2018-03-01 | 0 days | 1,519 sqft |
2018-04-01 | 0 days | 1,561 sqft |
2018-05-01 | 0 days | 1,530 sqft |
2018-06-01 | 0 days | 1,541 sqft |
2018-07-01 | 0 days | 1,645 sqft |
2018-08-01 | 0 days | 1,524 sqft |
2018-09-01 | 0 days | 1,587 sqft |
2018-10-01 | 0 days | 1,671 sqft |
2018-11-01 | 0 days | 1,709 sqft |
2018-12-01 | 0 days | 1,685 sqft |
2019-01-01 | 0 days | 1,666 sqft |
2019-02-01 | 0 days | 1,658 sqft |
2019-03-01 | 0 days | 1,649 sqft |
2019-04-01 | 0 days | 1,641 sqft |
2019-05-01 | 0 days | 1,654 sqft |
2019-06-01 | 0 days | 1,624 sqft |
2019-07-01 | 0 days | 1,591 sqft |
2019-08-01 | 0 days | 1,631 sqft |
2019-09-01 | 0 days | 1,622 sqft |
2019-10-01 | 0 days | 1,599 sqft |
2019-11-01 | 0 days | 1,605 sqft |
2019-12-01 | 0 days | 1,608 sqft |
2020-01-01 | 0 days | 1,714 sqft |
2020-02-01 | 0 days | 1,608 sqft |
2020-03-01 | 0 days | 1,574 sqft |
2020-04-01 | 0 days | 1,624 sqft |
2020-05-01 | 0 days | 1,574 sqft |
2020-06-01 | 0 days | 1,614 sqft |
2020-07-01 | 0 days | 1,541 sqft |
2020-08-01 | 0 days | 1,594 sqft |
2020-09-01 | 0 days | 1,539 sqft |
2020-10-01 | 0 days | 1,596 sqft |
2020-11-01 | 0 days | 1,612 sqft |
2020-12-01 | 0 days | 1,580 sqft |
2021-01-01 | 0 days | 1,587 sqft |
2021-02-01 | 0 days | 1,563 sqft |
2021-03-01 | 0 days | 1,724 sqft |
2021-04-01 | 0 days | 1,769 sqft |
2021-05-01 | 0 days | 1,664 sqft |
2021-06-01 | 0 days | 1,658 sqft |
2021-07-01 | 0 days | 1,600 sqft |
2021-08-01 | 0 days | 1,557 sqft |
2021-09-01 | 0 days | 1,564 sqft |
2021-10-01 | 0 days | 1,534 sqft |
2021-11-01 | 0 days | 1,558 sqft |
2021-12-01 | 0 days | 1,551 sqft |
2022-01-01 | 0 days | 1,568 sqft |
2022-02-01 | 0 days | 1,649 sqft |
2022-03-01 | 0 days | 1,599 sqft |
2022-04-01 | 0 days | 1,600 sqft |
2022-05-01 | 0 days | 1,469 sqft |
2022-06-01 | 0 days | 1,628 sqft |
2022-07-01 | 0 days | 1,596 sqft |
2022-08-01 | 0 days | 1,592 sqft |
2022-09-01 | 0 days | 1,512 sqft |
2022-10-01 | 0 days | 1,534 sqft |
2022-11-01 | 0 days | 1,509 sqft |
2022-12-01 | 0 days | 1,468 sqft |
2023-01-01 | 0 days | 1,449 sqft |
2023-02-01 | 0 days | 1,454 sqft |
Tiffin's median square footage for active listings during the 2023-02-01 period was 1,454 sqft. One year prior, the average listing was 1,649 sqft.
Tiffin, OH Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 576 | $94,630,000 | $164,288 |
Cash Out Refi | 143 | $16,295,000 | $113,951 |
Refi | 136 | $16,480,000 | $121,176 |
Home Improvement | 93 | $5,005,000 | $53,817 |
Other | 90 | $5,700,000 | $63,333 |
Tiffin's most frequently cited loan purpose was Home Purchase, with 576 originations. The 2nd most popular reason was Cash Out Refi, with 143 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 317 | $44,145,000 | $139,259 |
4-5% | 204 | $26,630,000 | $130,539 |
3-4% | 185 | $31,185,000 | $168,568 |
6-7% | 141 | $16,985,000 | $120,461 |
7-8% | 61 | $5,705,000 | $93,525 |
2.5-3% | 57 | $7,195,000 | $126,228 |
<2.5% | 23 | $1,995,000 | $86,739 |
Over 8% | 18 | $810,000 | $45,000 |
During 2022, Tiffin's most frequently originated rate bucket was 5-6%, with 317 originations.
Loan Sizing (Tiffin, OH MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 455 | $27,775,000 | $61,044 |
$100k-200k | 440 | $60,390,000 | $137,250 |
$200k-400k | 130 | $33,880,000 | $260,615 |
$400k-600k | 7 | $2,995,000 | $427,857 |
$Over $1MM | 4 | $11,830,000 | $2,957,500 |
$600k-1000k | 2 | $1,240,000 | $620,000 |
Tiffin's loan sizing saw the bucket of loans from $100,000 or less with 455 originations, totaling $27,775,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 433 | $70,195,000 | $162,113 |
60-80% | 235 | $34,215,000 | $145,596 |
20-40% | 133 | $9,025,000 | $67,857 |
40-60% | 121 | $15,305,000 | $126,488 |
Under 20% | 62 | $1,910,000 | $30,806 |
Over 100% | 16 | $3,420,000 | $213,750 |
Tiffin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 433 originations, totaling $70,195,000 in origination value.